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<br /> 93 <br /> REc~OLTTTION NO. 19P,9-129 R <br /> A RESOLUTION AUTHORIZING THE CITY MANAGER TO ACT ON THE <br /> CITY'S BEHALF IN HATTERS PERTAINING TO AN ECONOMIC <br /> DEVELOPHENT GRANT FROM THE TEXAS DEPARTHENT OF <br /> COHHERCE; PLEDGING A SPECIFIED AMOUNT OF LOCAL FUNDING <br /> IN CONNECTION WITH THE GRANT; AND DECLARING AN <br /> EFFECTIVE DATE. <br /> WHEREAS, the City Council of the City of San Marcos desires to <br /> develop a viable urban community, including decent housing and a <br /> suitable living environment and expanding economic opportunities, <br /> principally for persons of low and moderate income; now, therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN HARCOS, <br /> TEXAS: <br /> PART 1. That the City Council designates the City Manager as the <br /> City's Authorized Representative to act in all matters in connection <br /> with a $500,000 Economic Development grant from the Texas Department of <br /> Commerce to assist in the extension of water lines to the Composite <br /> Technology Engine Components site. <br /> PART 2. That the City of San Marcos will contribute a minimum of <br /> $235,000 of City funds to this project to be used for Grant <br /> Administration, Project Construction and Easement Acquisition. <br /> PART 3. That this Resolution shall be in full force and effect <br /> from and after its passage. <br /> ADOPTED this 30 1989. <br /> , <br /> vUt. I ~ <br /> M. orrIS <br /> , / <br /> Atte$,t: /i <br /> *~f7~h <br /> Jan1ts K. Womack <br /> City Secretary <br />